Frederick Development Corporation

Organization Overview

Frederick Development Corporation is located in Frederick, SD. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Frederick Development Corporation generated $159.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $120.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING TO THE COMMUNITY WITH RENTALS AND FUEL TO THE COMMUNITY WITH GAS PUMPS. TO HELP FREDERICK GROW TO SUSTAIN THE SCHOOL AND COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL OF 4 DUPLEXES


GAS PUMPS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Karen Brotzel
Secretary/tr
$0
Rich Achen
Vice Preside
$0
Richard Bakeberg
President
$0
Chris Sumption
Board Member
$0
Doug Braa
Board Member
$0
Heidi Marttila-Losure
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $33,501
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$33,501
Total Program Service Revenue$124,004
Investment income $14
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,738
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $159,257

Create an account to unlock the data you need.

or